Housing Foundation has secured this large site in this popular Papatoetoe location. You’ll enjoy the many benefits of living here. This is your opportunity to get into a fantastic home while this handy location is still at a super affordable price.

Enjoy the low maintenance living in a brand-new home.

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In the area

  • Manukau City is a 10min journey away
  • Park spaces close by
  • Short walk from train station
  • Cycle ways and connections to local transport hubs
Shared Ownership

2 Bedroom

Market price is from $725K.

With Shared Ownership your 60% share would be $435K including deposit.

Weekly mortgage repayments would be approximately $564.

Kitchen Dining
Shared Ownership Open Market Sale

3 Bedroom

Market price is from $805K.

With Shared Ownership your 60% share would be $483K including deposit.

Weekly mortgage repayments would be approximately $626.

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Frequently Asked Questions

Who is Housing Foundation?

Housing Foundation is a not for profit housing charity that builds new homes for first home buyers. Its focus is primarily on helping families buy their first home using its Shared Ownership programme. It does also sell a small number of homes on the open market.

What has the Housing Foundation built before?

Housing Foundation has been operating for over 20 years and built or funded more than 1100 homes across Aotearoa, helping hundreds of families achieve their dream of home ownership.

Who else does Housing Foundation work with?

Housing Foundation partners with developers, councils, iwi, banks and other housing organisations.

Does Housing Foundation have social housing?


Who does Housing Foundation sell its Shared Ownership homes to?

Housing Foundation sells its Shared Ownership homes to first home buyers.

If I’m not a first home buyer, can I buy a Housing Foundation home?

Yes, Housing Foundation usually sell a small number of homes in some of our developments on the open market. This type of sale means you need to arrange your own finance with your bank. If you don’t qualify for a shared ownership deal then talk to us about one of our open market homes.

Can I purchase a Housing Foundation home as an investment to rent out?

No. Investors are not able to buy Housing Foundation homes.

What banks is Housing Foundation partnered with?

Housing Foundation partners with ASB, Westpac, Kiwi Bank, SBS and BNZ.

Do I need to have mortgage approval before applying?

No, Housing Foundation helps you to apply for a mortgage with one of its partner banks.

Is there an option to purchase a home with another family member or a friend?

Yes, Housing Foundation offers options that include you being able to buy with family members or friends.

Can I go through a mortgage advisor?

No, Housing Foundation goes through specific banks who have partnered with us and accepted our Shared Ownership programme. Housing Foundation will introduce you to a bank.

How long does it normally take to own 100% of a Shared Ownership home?

On average, first home buyers take between 5 and 7 years.

Can we choose our home?

Housing Foundation allocates a home based on household size, funding requirements and what you can afford.

How much does it cost to be in the programme?

Housing Foundation charges an annual fee of $1,035 when you are a shared owner – roughly $19.90 per week. When you buy Housing Foundation out and become 100% owner this no longer applies.

Do we have to pay interest charged on Housing Foundation’s share?

No, Housing Foundation does not charge interest.

What is involved in the shared owner annual reviews?

Housing Foundation, with you, will look at your income, expenses, debt, savings and surplus to see that you are on track to achieving full ownership within the 15 years.

Can I choose which insurance company I get the home insured with?

No. As a shared owner, you will go through Housing Foundation’s nominated insurance company.

Is there a defect and maintenance period?

Yes, Housing Foundation will contact you to discuss any repairs or replacements that may be a defect or require maintenance and then arrange for someone to rectify it.

Are there hidden fees?

No, Housing Foundation only charges an annual management fee ($1,035.00 including GST p.a.).

Why do we pay an annual management fee?

The annual management fee covers the administrative and operations cost of running the programme.

What up-front costs are involved in purchasing the home?

Maximum of approximately $7,835 including a year paid in advanced apportioned Annual Management Fees $1,035 max, Quarter apportioned rates $600 max, Lawyer Fees $3,500 max, a year paid in advance Home insurance and valuation $900.

What can my deposit be made up of?

The deposit can be made up of your savings, KiwiSaver contribution, First Home Grant and gifted funds (koha).

What happens if the purchase price is higher than the value of the home when I buy the home?

We review the sales price and ensure the price of the home is fair. The purchase price will never be more than the valuation.

What happens if the purchase price is lower than the value of the home when I buy the home?

The price on our settlement agreement is the price you pay at settlement, any increase in value is your good fortune.

What if there are build delays or change in build costs after agreements have been signed. Will we have to pay more?

Absolutely not. We absorb any increase in build cost. If there are any delays, you will just have to wait a little longer than expected.

Can I change my mortgage to a different bank in the future?

You will need to have a discussion with your Housing Foundation Household Support Manager as well as request approval from Housing Foundation and your current bank; we may ask for supporting documentation and reasoning for the request.

When can I begin purchasing additional shares?

Anytime you want to when it is affordable for you. Your Household Support Manager will support you though assessing your financial capability and navigating your way through the buy-out process.

Can I sell my home on the open market?

Yes as long as you offer Housing Foundation the first chance to purchase your shares from you; we may have a family ready who we can offer this opportunity to. If Housing Foundation declines the offer, you may sell your home on the open market.

Can I choose the colours in my home?

Most of our developments have the interior colours selected at an early stage after the building consent has been issued. We have 3 modern colour schemes. Talk to our Sales team to pick the home that has the decoration that suits your preference. The exterior colours have been selected by our professional colour consultant.

What appliances will be supplied?

The under bench oven, cook top and the range hood are supplied. No dishwasher is supplied but a space is left in the kitchen for one.

What are the houses made of?

All our houses are weatherboard and/or brick dwellings. Our base specification is available for inspection.

Can I change the house design?

No, the houses have been architecturally designed to suit each site’s characteristics. Some non-structural changes may be made with the builders consent.

Are pets allowed?

Most pets are allowed subject to normal Council conditions and the local Residents’ Association rules. Due to the density of the living environment and small grounds most properties are not suitable for larger animals.

Will the homes be connected to fibre broadband?

Yes, the homes will be connected to fibre. Internet router and TV connections are provided. TV aerials are provided on 3 storey homes.

Who looks after the common areas in the development?

We will be setting up a Residents Association that will have the responsibility of keeping the development looking good. All residents belong to the Association who elect a Committee to manage the responsibilities like maintaining the driveway, footpaths and grounds. A yearly levy would be expected to be approx. $200pa.
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